MULN Dark Pool exchange volume appears to be holding price down to facilitate the naked shorts. Out of the 700M volume from 4/24/23, 70% of that volume was in Dark Pools (unlit exchanges). In my opinion, the fundamentals are there to support higher share prices with the latest contract news, EV deliveries, and innovative tech that extends battery life which can be licensed! I would estimate price action could reach a target of $.65 over the course of next few months if Mullen continues to deliver on contracts. However, if Stock price manipulation or dilution continues to go unchecked, there's a high potential the stock will plummet and then the shareholder approved reverse stock split will be implemented to keep the company in compliance with trading above $1. NOTE: THIS IS NOT INVESTMENT OR TRADING ADVICE> Entertainment only!
Trade closed manually
UGH! 1 for 25 Reverse Stock Split for 5/4/23 just announced. Price will artificially breach this trade idea. Closing this idea. RIP MULN investors.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.